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Technology Stocks : TLAB info? -- Ignore unavailable to you. Want to Upgrade?

To: Doughboy who wrote (5577)	5/20/1999 12:36:00 PM
From: Baldwin	Read Replies (1) \| Respond to of 7342

Dough....i've been accumulating since '88, long before i had a concept of the meaning of p/e, and recall folks talking about tlab's high p/e (regardless of where it was at the time) from the get-go of my memories of old tlab chats....for what it's worth. Baldwin

To: Doughboy who wrote (5577)	5/21/1999 2:20:00 PM
From: Chuzzlewit	Respond to of 7342

DougHboy, the problem with looking at average P/Es is that they ignore one of the major drivers of stock prices: long-term interest rates. That's why the PEG and YPEG are meaningless unless placed in context. In order to avoid this problem I have devised two metrics that I think are quite useful: CNPEG and CNPEG2. They are modestly named for "Chuzzlewit's normalized PEG" <G>. Both are "normalized" PEGs (with respect to the S&P500), and I believe they provide a much more reasonable approach to relative valuation (as opposed to absolute valuation). I have previously posted the details on these calculations, and so will not repeat them here. TTFN, CTC